Blockbuster's disc-based movie business is scheduled for termination. The remaining U.S. retail stores are set to close by early next year.
Parent company Dish Network said the final 300 stores will close by early January. Dish is also shutting down Blockbuster's DVD-by-mail service in mid-December.
"This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment," said Joseph P. Clayton, Dish's president and CEO, in a statement.
Dish will keep using the Blockbuster brand for other video services. Dish satellite TV customers can tack on a Blockbuster @Home subscription, which adds 15 movie channels and streaming to other devices. For non-Dish subscribers, the Blockbuster-on-Demand streaming-video service will remain available through PCs, tablets, phones, Rokus, and other devices.
To read this article in full or to leave a comment, please click here
ConversionConversion EmoticonEmoticon